Prepare Members for the Switch to E-Benefits

By next year, members receiving federal benefit payments by check will have to switch to electronic payments.

March 1, 2012

The U.S. Treasury Department requires all recipients of check-based federal benefit payments to switch to an electronic payment method by March 1, 2013.

It’s a move that will save taxpayers $1 billion over the next 10 years.

Credit unions can prepare members for the switch to a direct deposit option now rather than wait for the deadline. You’ll help them receive their money in a way that’s safer and more reliable, while improving your credit union’s customer service.